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Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S.
Daniel Acker | Bloomberg | Getty Images
Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as lockdowns in China weighed on sales.
The company also said it would miss its long-term target for operating profits this year as a result of suspending its Russian business.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.05 adjusted vs. $1.07 expected
- Revenue: $1.55 billion vs. $1.59 billion…
Source cnbc.com
